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Blockbuster stores to close their doors for good

Blockbuster Video store at the Sovereign Retail park at the Crumbles Eastbourne January 16th 2013 E03143P

Blockbuster Video store at the Sovereign Retail park at the Crumbles Eastbourne January 16th 2013 E03143P

Eastbourne’s Blockbuster store will shut for good this weekend as the DVD and games rental chain announces it is closing down completely after failing to attract a buyer.

The company went into administration in January and since then, has closed 437 of its stores across the country.

The store at the Crumbles was one of just 91 that remained open, even after the business went into administration again in October.

After failing to attract a buyer, Blockbuster admitted it would be forced to close all its remaining stores by Monday, December 16.

All remaining stock will be sold by Sunday 15 December, with up to 90 per cent discount.

These last remaining closures up and down the UK will see 808 people lose their job in the run up to Christmas.

“It is with regret that we have to make today’s announcement, we appreciate this is a difficult time for all concerned and would like to thank staff for their professionalism and support over the past month,” said joint administrators Simon Thomas and Nick O’Reilly.

“Unfortunately, we were unable to secure a buyer for the group as a going concern and as a result had to take the regrettable action to close the remaining stores.”

The plight of Blockbuster is blamed largely on the rapid rise of online film streaming offered by the likes of Lovefilm and Netflix.

 

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